The Network Of Global Corporate Control
The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. The authors present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. They find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions.